In the Regina area, home sales were as hot as the weather in September with new highs recorded for residential property sales. The number of sales in September 2011 was up 21% from the same time a year ago.
September statistics for the city of Regina, as reported by the Association of Regina REALTORS® Inc.:
· Number of sales in the city - 317
· Average Sale Price - $280,697
· Number of new listings - 560
Looking forward, all economic and job growth fundamentals point to a continued strong and steady housing market. Regina is also on the verge of setting another record for residential construction. Through the first nine months of 2011, homebuilders have started work on 540 single family dwellings.
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